G-III Apparel Group (NASDAQ:GIII) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Technical move: Shares crossed above their 200‑day moving average of $29.22, trading as high as $31.65 and last at $31.54 on a volume of 313,013 shares.
• Weak quarterly results and guidance: G‑III reported Q EPS of $0.30 vs. $0.59 expected and revenue of $771.5M (down 8.1% y/y), and gave Q1 2027 guidance of -0.40 to -0.30 EPS and FY 2027 guidance of 2.00–2.10 EPS.
• Mixed analyst view: The consensus rating is "Hold" with an average price target of $29.00 (two Buys, three Holds, two Sells), and several firms have recently cut targets while others remain constructive.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.22 and traded as high as $31.65. G-III Apparel Group shares last traded at $31.54, with a volume of 313,013 shares.

Wall Street Analyst Weigh In

A number of research firms have commented on GIII. Weiss Ratings reissued a "hold (c+)" rating on shares of G-III Apparel Group in a report on Friday, January 9th. BTIG Research reissued a "buy" rating and issued a $34.00 target price on shares of G-III Apparel Group in a report on Wednesday, March 18th. UBS Group reduced their target price on G-III Apparel Group from $30.00 to $26.00 and set a "neutral" rating for the company in a report on Tuesday, March 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. Finally, Zacks Research lowered G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $29.00.

G-III Apparel Group Trading Up 1.1%

The company has a 50 day moving average price of $29.20 and a 200 day moving average price of $29.22. The firm has a market cap of $1.33 billion, a PE ratio of 21.03 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The company had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The company's revenue for the quarter was down 8.1% on a year-over-year basis. G-III Apparel Group has set its Q1 2027 guidance at -0.400--0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. As a group, equities research analysts anticipate that G-III Apparel Group, LTD. will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, March 23rd. G-III Apparel Group's payout ratio is currently 26.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in G-III Apparel Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker's stock valued at $78,153,000 after acquiring an additional 15,500 shares during the last quarter. American Century Companies Inc. raised its holdings in G-III Apparel Group by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker's stock valued at $46,041,000 after acquiring an additional 57,440 shares during the last quarter. Norges Bank acquired a new position in G-III Apparel Group in the 4th quarter valued at $36,200,000. LSV Asset Management raised its holdings in G-III Apparel Group by 8.1% in the 4th quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker's stock valued at $35,837,000 after acquiring an additional 93,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in G-III Apparel Group by 30.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker's stock valued at $28,054,000 after acquiring an additional 247,245 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women's and men's apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies' apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company's product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.

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